Nine ETFs Dominate 18% Of Daily Trading Volume (SPY, IWM, QQQQ, GLD, more...)
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A July market liquidity study from Abel/Noser showed that ETFs dominated trading. Nine ETFs represented 18% of the total daily domestic volume for the month.
Those nine ETFs were: SPDRs (NYSE: SPY), iShares Russell 2000 Index (NYSE: IWM), PowerShares QQQ (Nasdaq: QQQQ), iShares MSCI Emerging Markets Index (NYSE: EEM), SPDR Gold Shares (NYSE: GLD), UltraShort S&P500 ProShares (NYSE: SDS), iShares MSCI EAFE Index (NYSE: EFA), Financial Select Sector SPDR (NYSE: XLF) and Direxion Daily Financial Bull 3X Shares (NYSE: FAS).
SPY represented 10.34% of the domestic volume for the month, IWM was 1.94%, QQQQ was 1.67%, EEM was 1.15%, GLD was 0.69%, SDS was 0.67%, EFA was 0.55%, XLF was 0.53%, and FAS was 0.5%.
Excluding the ETFs 6 stocks accounted for just over 10% of domestic principal traded.
Those six stocks were: Apple (Nasdaq: AAPL), Bank of America (NYSE: BAC), (NYSE: C), Microsoft (Nasdaq: MSFT), Exxon Mobil (NYSE: XOM) and Intel (Nasdaq: INTC). Apple dominated with 4.24% of the domestic volume ex-ETFs. Bank of America was second at 1.5% and Citigroup was third at $1.22%.
The cumulative volume of the top tewnty securities represented 28.24% of the domestic principal traded, the data showed.
The top 105 stocks represented over half of the day's volume.
The top 975 names accounted for 90% of all the volume, while the renaming 17,399 securities accounted for just 10% of the volume.
There was little change in much of the data from June.
Those nine ETFs were: SPDRs (NYSE: SPY), iShares Russell 2000 Index (NYSE: IWM), PowerShares QQQ (Nasdaq: QQQQ), iShares MSCI Emerging Markets Index (NYSE: EEM), SPDR Gold Shares (NYSE: GLD), UltraShort S&P500 ProShares (NYSE: SDS), iShares MSCI EAFE Index (NYSE: EFA), Financial Select Sector SPDR (NYSE: XLF) and Direxion Daily Financial Bull 3X Shares (NYSE: FAS).
SPY represented 10.34% of the domestic volume for the month, IWM was 1.94%, QQQQ was 1.67%, EEM was 1.15%, GLD was 0.69%, SDS was 0.67%, EFA was 0.55%, XLF was 0.53%, and FAS was 0.5%.
Excluding the ETFs 6 stocks accounted for just over 10% of domestic principal traded.
Those six stocks were: Apple (Nasdaq: AAPL), Bank of America (NYSE: BAC), (NYSE: C), Microsoft (Nasdaq: MSFT), Exxon Mobil (NYSE: XOM) and Intel (Nasdaq: INTC). Apple dominated with 4.24% of the domestic volume ex-ETFs. Bank of America was second at 1.5% and Citigroup was third at $1.22%.
The cumulative volume of the top tewnty securities represented 28.24% of the domestic principal traded, the data showed.
The top 105 stocks represented over half of the day's volume.
The top 975 names accounted for 90% of all the volume, while the renaming 17,399 securities accounted for just 10% of the volume.
There was little change in much of the data from June.
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